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HSBC lowers risk ratings of several mutual funds

By The IJ Staff | June 20 2018 11:30AM

Photo: Freepik

HSBC Global Asset Management (Canada) announced June 19 that it is lowering the risk ratings of several of its Funds.

No changes to the funds’ investment objectives

These changes are the result of the new investment risk classification methodology mandated by the Canadian Securities Administrators. There are no changes to the investment objectives or strategies of the Funds. The new risk ratings for the Funds listed below will be as follows:

Funds

Current Risk Rating

New Risk Rating

HSBC Canadian Bond Fund

Low to Medium

Low

HSBC Monthly Income Fund

Low to Medium

Low

HSBC Global Corporate Bond Fund

Low to Medium

Low

HSBC World Selection® Diversified
Conservative Fund

Low to Medium

Low

HSBC World Selection Diversified
Growth Fund

Medium

Low to Medium

HSBC Small Cap Growth Fund

Medium to High

Medium

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